Professional
Added to YB: 2025-10-14
Pitch date: 2025-09-30
TRGP [bullish]
Targa Resources Corp.
+11.24%
current return
Author Info
No bio for this author
Company Info
Targa Resources Corp., together with its subsidiary, Targa Resources Partners LP, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America.
Market Cap
$32.8B
Pitch Price
$164.69
Price Target
N/A
Dividend
2.62%
EV/EBITDA
11.02
P/E
21.86
EV/Sales
2.91
Sector
Oil, Gas and Consumable Fuels
Category
value
Oakmark Fund New Position: Targa Resources Corp.
TRGP (new position): Leading midstream gas/NGL co controlling 90% fractionation capacity at Mont Belvieu hub. 90% earnings from multi-year fee-based contracts provide downside protection. Trading at discount to peers despite cost advantages & barriers to entry. Well-positioned for growth even if Permian slows.
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